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2007 New Initiative Process

2007 New Initiative Process. 6 March 2006. 2006 New Initiative Committee. Leah Jamieson, Chair Gus Gaynor, PSPB Marc Apter, RAB John Meredith, IEEE-USA Roger Sudbury, EAB Peter Staecker, TAB Don Wright, IEEE-SA Ricardo Varela, At-Large Member Pilar Molina, At-Large Member

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2007 New Initiative Process

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  1. 2007 New Initiative Process 6 March 2006

  2. 2006 New Initiative Committee Leah Jamieson, Chair Gus Gaynor, PSPB Marc Apter, RAB John Meredith, IEEE-USA Roger Sudbury, EAB Peter Staecker, TAB Don Wright, IEEE-SA Ricardo Varela, At-Large Member Pilar Molina, At-Large Member Matt Loeb, Staff Advisor

  3. The New Initiative Process • The NIC will consider proposals for new initiatives and review progress of continuing initiatives • New Initiative funding is ultimately determined by the IEEE Board of Directors, but for budget development purposes, it’s set at 2% of IEEE Reserves (second year of this policy) • The NIC can “set aside” up to 15% of the available funds for consideration of out-of-cycle initiatives or other special circumstances • Initiatives are defined as new efforts of strategic importance distinct from support for ongoing programs • All new initiatives must map to the most current version of the 9 Strategic Challenges* and OU Objectives *Subject to Revision by SPC

  4. Submitting A New Initiative • Anyone can submit a proposal directly to the NIC, but working with an organizational unit is always a good idea • NIC members are advocates for proposals coming from their respective OUs • Initiatives are submitted using IEEE’s New Initiative forms • The first step is an abstract of the initiative • If accepted, the next step is a full business plan • Life cycle costing of an initiative is required, as is an estimate of the cost of sustaining an initiative when/if it is incorporated into IEEE operations at the end of the new initiative funding period • New Initiative proposals must request a net minimum of $100K for the first year

  5. New Initiative Proposal Review • The NIC reviews the initial proposal and determines whether it should be developed into a full business plan for further consideration as a new initiative • The NIC reviews the full business plans and determines which initiatives will be recommended for funding • The review process is interactive between the proposer(s) and the NIC through both online exchange and teleconference • The NIC prioritizes the selected initiatives and reports its recommendation to the IEEE FinCom/ExCom to be incorporated into the proposed IEEE Operations Budget • The IEEE Board of Directors acts on the NIC recommendations when it votes on the IEEE Operations Budget at the November meetings

  6. New Initiative Proposal Review • Requests for out-of-cycle funded initiatives are considered, but such proposals require a compelling argument to support the request • The NIC reviews out-of-cycle proposals consistent with its review of those proposals submitted during the budget development process • Out-of-cycle requests are reviewed by the IEEE FinCom and approved by the IEEE Board of Directors at its next scheduled meeting • The NIC conducts quarterly reviews on the progress of all funded initiatives, and the NIC can make recommendations for mid-course changes to funded initiatives at any time • The NIC is now evaluating the long-term impact of initiative investment by analyzing results of initiatives vs. the originally approved plan

  7. 2007 New Initiative Timetable

  8. 2007 Proposed New Initiatives TimetableFinal • March – Call for New Initiatives • 1 May - Proposed 2007 New Initiative Abstracts Due • 5 May - Proposed 2007 New Initiative Abstracts reviewed by NIC • 5 May – NIC Meeting to consider any new out-of-cycle 2006 initiative proposals for the June meeting • 15 May - NIC announces Initiatives advancing to full business plans • 17 July – 2007 Proposed Initiative Business Plans Due • 28 July - NIC review of proposed 2007 initiatives • 4 August – NIC selection 2007 Initiatives • 10 August – NIC prioritization of 2007 Initiatives • August – NIC Reports recommendations to IEEE FinCom/ExCom • October – NIC Recommendations forwarded to IEEE Board of Directors and incorporated into proposed 2007 IEEE Operations Budget • November – BoD acts on NIC recommendations as it approves the 2007 IEEE Operations Budget

  9. If you have questions, comments, or if you need additional information, please contact Leah Jamieson or Matt Loeb m.loeb@ieee.orgl.jamieson@ieee.org

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